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SOURCE MetaQuotes Software Corp.
SÃO PAULO, Brazil, June 5, 2014 /PRNewswire/ --
MetaQuotes Software is pleased to announce that its MetaTrader 5 trading platform has entered the Brazilian market. The largest independent broker in Brazil XP Investimentos has officially launched MetaTrader 5. This means that more than 80,000 customers of the company can now trade in the financial markets using the world famous platform.
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Importantly, traders can trade not only currency instruments, but also stocks and futures of Brazilian companies. To connect to the São Paulo Stock Exchange BM&FBovespa, XP Investimentos specialists have developed a special gateway to provide correct execution of trades and delivery of market quotes. Finally, customers of XP Investimentos can fully appreciate the benefits of stock trading with the MetaTrader 5 platform.
XP Investimentos rigorously tested the terminal prior to announcing the launch of the new service publicly. "For more than 10 months, MetaTrader 5 was only available to 100 users selected for beta testing of the product. Only after the final debugging of all processes, trading with MetaTrader 5 became available to all our clients," says Guilherme Benchimol, CEO of XP Investimentos.
"Interest in the South American market has recently increased," says Renat Fatkhullin, CEO of MetaQuotes. "We are looking to expand our presence in the region. We have entered the Brazilian market with the help of the leading local broker with a large client base to instantly win a substantial market share. Thus we achieve a higher exposure by providing MetaTrader 5 to the broad masses of traders, while our partner XP Investimentos has satisfied the wishes of its customers. We are happy to strengthen our position in the region and will continue to actively expand into the Latin American market."
About MetaQuotes Software
Established in 2000, MetaQuotes Software Corp. has been developing trading platforms for financial markets under the MetaTrader trademark. It is internationally known as a leader in the Forex software market. MetaTrader trading platforms are currently used by more than 600 brokerage companies and banks all over the world. The new platform, MetaTrader 5, was developed by the Company with a focus on stock markets and is now actively promoted to various world exchanges.
About XP Investimentos
Established in 2001, XP Investimentos is the largest independent broker in Brazil, with over 120,000 clients. The company is based in Rio de Janeiro and has offices in São Paulo, Porto Alegre, Belo Horizonte and New York, represented by XP Securities. XP is present in all of the Brazilian states through its distribution network - 500 affiliated offices and 1,800 authorized advisors.
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